Version Superseded: 21/07/2009
Point in time view as at 28/07/2000.
There are currently no known outstanding effects for the Finance Act 1998, Paragraph 32.
32(1)Paragraph 12 of Schedule 25 to the Taxes Act 1988 (meaning of “holding company" in paragraphs 6 and 8(3)) shall be amended as follows.U.K.
(2)In sub-paragraph (1), after “in paragraphs 6 and 8(3) above and" there shall be inserted “ paragraph 12A below and in ”.
(3)In sub-paragraph (5) (exclusion of income derived from certain sources) in paragraph (a)—
(a)after “which is not a holding company" there shall be inserted “ or superior holding company ”; and
(b)after “engaged in exempt activities" there shall be inserted “ or, in terms of sub-paragraph (5A) of that paragraph, is an exempt trading company ”.
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